Applications Currently Being Accepted for Start Path Global
London, UK — Sept. 3, 2015, — In today’s crowded and competitive business environment, start-ups across the world are seeking global opportunities that will rapidly scale their business. To address this need, MasterCard today announced the launch of Start Path Global – a unique six-month partnership programme for start-ups that extends Start Path’s existing footprint to a greater number of countries globally in Asia Pacific, Middle East, Africa and Latin America.
The programme builds on Start Path’s efforts over the past 18 months having provided a variety of operational support, partnership, or investment for over 40 start-ups developing the next generation of commerce solutions, including Nymi, ZenCard, BillHop and Gone.
Start Path Global has also been designed to put the start-up first: specifically, there is no need for a start up to relocate, no equity taken, immediate access to over 60 MasterCard experts, opens the door to pilot opportunities with MasterCard or MasterCard customers, and with full ownership for any intellectual property (IP) developed.
“The price of success is hard work and dedication to the job at hand. As the entrepreneurial spirit in the Netherlands has improved a lot over the years, I will be happy to see new Dutch start-ups applying to the platform and getting the unique support that MasterCard will foresee through the Start Path Europe Program.” said Arjan Bol, Country Manager Netherlands.
As Start Path expands internationally, start-ups will also benefit from access to Start Path Partners, a group of more than 20 leading companies in banking, retail, and technology including Rakuten, Samsung Card, TSYS, Target, Bank of Montreal, and Santander Innoventures. Start Path Partners was created to provide carefully selected MasterCard customers with a first look at unique technologies and to offer start-ups a direct line into these corporates to test their solutions.
“Belgian entrepreneurs with great talent, creativity and business acumen have already set up companies that have developed into market leaders in their sector and are putting in a strong performance on the international scene. I’m hopeful to see many others continue this trend by applying to MasterCard’s Start Path and giving the best of themselves.” said Valerie Nowak, Country Manager Belux.
How to Apply to Start Path Global:
Each quarter, MasterCard Start Path will recruit a new class of startups to embark on the six-month virtual programme. The call for applications to join the next class is open until September 18, 2015. To enter, visit: www.startpath.com. The programme is open to all non-US based startups who meet the following criteria:
- Solution live in market;
- Established and experienced team;
- Targeting sizeable market opportunity in the retail and financial technology space;
- Demonstrable unfair advantage over competitors;
- Seed or Series A investment recently secured.
Up to 18 promising startups will be invited to pitch their commerce solution to the MasterCard Start Path team in London on October 27 and 28, 2015. From there, a final list of six to eight companies will be chosen for the upcoming global class which will begin in early November. Members of the next class will also be invited to attend the first Start Path Global Partner Summit to be held in Berlin on November 16 and 17, where they’ll have the chance to engage with prospective Start Path Partners and industry thought leaders.
About MasterCard Start Path
MasterCard Start Path is a global effort to support innovative early stage startups developing the next generation of commerce solutions today. Start Path was launched at the end of 2013 with an objective to help early stage startups partnering with each startup to grow their businesses faster than they could by themselves. Startups can benefit from the knowledge of a global network of MasterCard experts, access to MasterCard customers and partners, and the ability to innovate on top of MasterCard solutions. For more information visit www.startpath.com or follow MasterCard Start Path on Twitter at @MAstartpath.
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.